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RUSSIA BECOMES ARMENIA'S BIGGEST INVESTOR
Vestnik Kavkaza
Dec 5 2011
Russia
Russia is the biggest investor in Armenia, according to data for the
first 9 months of 2011, News Armenia reports.
Russian investments in Armenia in 2011 increased by 48.3% and reached
$283.8 million, while direct investments increased by 80.4%, reaching
$267.3 million compared with the same period in 2010.
Russian investment covers 48.4% of total foreign investments and 57.8%
of direct investments.
24.8% of investments ($145.4 million) were spent in metal production,
11.9% ($69.7 million) in the electricity, gas, water and steam sectors,
5.7% ($33.4 million) in communications.
Armenia received some $586.7 million of investments in the first
nine months of 2011, $462.5 million of them were investments in the
real sector.
From: Emil Lazarian | Ararat NewsPress
Vestnik Kavkaza
Dec 5 2011
Russia
Russia is the biggest investor in Armenia, according to data for the
first 9 months of 2011, News Armenia reports.
Russian investments in Armenia in 2011 increased by 48.3% and reached
$283.8 million, while direct investments increased by 80.4%, reaching
$267.3 million compared with the same period in 2010.
Russian investment covers 48.4% of total foreign investments and 57.8%
of direct investments.
24.8% of investments ($145.4 million) were spent in metal production,
11.9% ($69.7 million) in the electricity, gas, water and steam sectors,
5.7% ($33.4 million) in communications.
Armenia received some $586.7 million of investments in the first
nine months of 2011, $462.5 million of them were investments in the
real sector.
From: Emil Lazarian | Ararat NewsPress